Creating Consumer Connect

first_img December 21, 2018 1,577 Views Data Provider Black Knight to Acquire Top of Mind 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Ellie Mae Encompass Consumer Connect Experian Mortgage Fannie Mae Joe Tyrrell Michele Pearson 2018-12-21 Donna Joseph  Print This Post Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Home / Featured / Creating Consumer Connect Demand Propels Home Prices Upward 2 days ago Demand Propels Home Prices Upward 2 days ago About Author: Donna Joseph in Featured, Headlines, News, Servicing, Technology Related Articles Tagged with: Ellie Mae Encompass Consumer Connect Experian Mortgage Fannie Mae Joe Tyrrell Michele Pearsoncenter_img The Best Markets For Residential Property Investors 2 days ago The Best Markets For Residential Property Investors 2 days ago Donna Joseph is a Dallas-based writer who covers technology, HR best practices, and a mix of lifestyle topics. She is a seasoned PR professional with an extensive background in content creation and corporate communications. Joseph holds a B.A. in Sociology and M.A. in Mass Communication, both from the University of Bangalore, India. She is currently working on two books, both dealing with women-centric issues prevalent in oppressive as well as progressive societies. She can be reached at [email protected] Data Provider Black Knight to Acquire Top of Mind 2 days ago Previous: Ellie Mae Appoints New SVP of Enterprise Sales Next: Housing Finance in 2019 Ellie Mae, a California-based, cloud-based platform provider for the mortgage finance industry, announced enhancements to Encompass Consumer Connect, that include identity, employment, and income verification. These enhancements help lenders engage with homebuyers and provide a more streamlined application process, to help foster interest, engage borrowers and convert opportunities. The enhancements include the integration of Experian’s CrossCore platform, which enables lenders to use a passive, multi-layered approach to establish identity and assess risk, providing a positive experience for borrowers. Mortgage lenders can combine historical data, such as demographic information, and first-party fraud risk assessment with step-up authentication methods to verify an individual during the application process. Upon submission of the loan application, the data is immediately sent to the identity verification provider and a report is generated and sent to the Encompass eFolder within one hour of submission.Since the launch on July 9, 2018, Encompass Consumer Connect continues to add key functionality which now includes support for verification services that provides lenders the ability to automate borrower identity, employment, and income verification to achieve day 1 certainty from Fannie Mae to close loans faster. In addition to providing a seamless digital experience for homebuyers, Encompass Consumer Connect helps lenders close loans faster. “At Experian, we are constantly innovating to modernize the mortgage process and support the industry’s evolution,” said Michele Pearson, General Manager of Experian Mortgage. “We’re proud to work with Ellie Mae to maximize the power of data and analytics to more quickly and accurately authenticate prospective borrowers while helping businesses make smarter lending decisions.”“Lenders are looking for more efficient ways to engage homebuyers and with these updates to Encompass Consumer Connect, we’re making it easier for borrowers to complete their loan applications,” said Joe Tyrrell, EVP of corporate strategy at Ellie Mae. “Our recent enhancements to Encompass Consumer Connect offer identity, employment and income verification, and an integration with Experian that simplifies and expedites key verification activities for an improved borrower experience.” Sign up for DS News Daily Servicers Navigate the Post-Pandemic World 2 days ago Share Save Creating Consumer Connect Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Subscribelast_img read more